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Ocean 08724
511 Azalea Drive
$249,900
● House - Off Market

511 Azalea Drive

Brick, NJ 08724
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$397,219
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Wow!!!  Move in and just unpack -- we've done it all for you.  New siding, new kitchen, new oversized deck, freshly painted, new baths, new carpet and the list goes on and on.  Great house!  Quick closing - no problem - be in before the kids go back to school.  Property is sold as is with buyer responsible for all inspections to close including sewer clean out required by township, certificate of occupancy and smoke/carbon inspections.  This is procedure but the house is great.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MOMLS #21727314)

Price History

Date / Event Date Event Price
Oct 5, 2017 Sold
Premium
Sold
Jul 11, 2017 Listed by Linda Schroeck Rlty. Group LLC $249,900
Listed by Linda Schroeck Rlty. Group LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,005
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,560
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,005
  • Building Area: 1,005
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,005
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Brick Township School District
  • Census Tract: 713000

Zoning

  • Zoning: R75

Geography

  • Assessors Map Reference: TAX MAP 56.2
  • Account Number: 00519584
  • District: 07
  • Parcel: 07 01086- 01-00006
  • Block: 1086.01
  • Lot: 6
  • Municipality: BRICK TWP
  • Latitude: 40.0858
  • Longitude: -74.1013

    Address

  • Full Address: 511 Azalea Dr
  • Address - House Number: 511
  • Address - Street Name: Azalea
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Brick
  • Carrier Code: C030
  • 4-Digit Zip Code: 2731
  • Zip Code: 08724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $553,619

    Appraisal Valuation

  • Standard Deviation: 0.2168
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 443,178
  • High Value: 539,261
  • Low Value: 347,096

    Market Valuation

  • Market Total Value: $226,800
  • Market Land Value: $129,700
  • Market Improvement Value: $97,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,800
  • Assessed Land Value: $129,700
  • Assessed Improvements Value: $97,100

    Sales

  • Current Sale Contract Date: Mar 07, 2016
  • Current Sale Recording Date: Apr 12, 2016
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2016034559
  • Previous Sale Recording Date: Nov 19, 1996
  • Previous Sale Contract Date: Nov 14, 1996
  • Previous Sale Amount: $121,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1605 ft²

Average Home Age

29.4 years

Currently For Sale

4507 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2305 Oak Tree Road, Point Pleasant, NJ, 08742

$3,400 /mo

  • 2 Beds
  • 1 Bath
2305 Oak Tree Road, Point Pleasant, NJ, 08742 Listing by Steven Houghtaling
Unit for rent at 501 Azalea Drive, Brick, NJ, 08724

$3,700 /mo

  • 4 Beds
  • 2 Baths
  • 1,133 ft²
501 Azalea Drive, Brick, NJ, 08724 Listing by Michael Imbriaco

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Linda Schroeck, Linda Schroeck Rlty. Group LLC
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21727314
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 511 Azalea Drive built and last sold?
The property at 511 Azalea Drive was built in 1965 and last sold on Mar 7, 2016 for $0.
How much is this home worth?
The estimated value of the home located at 511 Azalea Drive is $252,399.
What are some comparable homes to 511 Azalea Drive?
There are currently no comparable homes to 511 Azalea Drive.
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